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Released November 19, 2014 | PERTH, AUSTRALIA
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Researched by Industrial Info Resources Australia (Perth, Australia)--Monadelphous (ASX:MND) (Perth, Australia) has achieved great success in winning major maintenance contracts at large-scale liquefied natural gas (LNG) production plants in Australia. The question now is whether the West Australian engineering, construction and maintenance contractor can maintain its dominance in the face of competition for these sought-after, long-term service agreements.
Monadelphous is currently the major maintenance services provider for ConocoPhillips' (NYSE:COP) (Houston, Texas) Darwin LNG plant; the North West Shelf joint venture for LNG production at Woodside Petroleum's (Perth) Karratha Gas Plant; and Woodside's Pluto LNG plant, plus the offshore Pluto platform.
View Plant Profile - 1047598 1065390 1077861 3104380
The Darwin LNG contract is on the line, as ConocoPhillips assesses bids for the contract and considers renewal of Monadelphous' long-term service agreement, versus a new contract with a competitor. It is rumored that ConocoPhillips is likely to simplify contracting arrangements by choosing a maintenance contractor to take care of the onshore LNG plant and the offshore Bayu-Undan facilities.
View Plant Profile - 3019451 3131607
ConocoPhillips and project joint-venture partner Origin Energy (ASX:ORG) (Sydney Australia) are assessing bids for the main maintenance services contract for the Australia Pacific LNG (APLNG) project (Curtis Island), which is set to begin LNG production in the latter part of 2015. APLNG's neighbors, Queensland Curtis LNG (QCLNG) (Curtis Island) and Gladstone LNG (GLNG) (Curtis Island), which are both under construction, already have contracted with Monadelphous for maintenance.
The long-term service agreement between BG Group's (Reading, England) subsidiary QGC (Brisbane, Australia) and Monadelphous has been in place for a number of years in preparation for start-up this quarter, while the agreement with Santos (ASX:STO) (Adelaide, Australia) for the GLNG project is still under final negotiations.
For related information, see November 27, 2012, article - Monadelphous Wins $80 Million Maintenance Contract for QCLNG Plant.
View Project Report - 86000975 86000854 86000870
Monadelphous lost out to UGL Limited (ASX:UGL) (Sydney) for provision of maintenance services on the Gorgon LNG project, which is operated by Chevron Australia Pty Limited (Perth), part of Chevron Corporation (NYSE:CVX) (San Ramon, California). Chevron is yet to award the maintenance services contract on the Wheatstone LNG project.
View Project Report - 86000906 86000905
INPEX Corporation's (TYO:1605) (Tokyo, Japan) Ichthys LNG project is under construction in Northern Territory. INPEX is some time away from awarding the main maintenance services contract for the plant; however, Monadelphous has been awarded a number of construction contracts on this particular project. Indeed, Monadelphous has celebrated wins on most of the afore-mentioned large-scale LNG projects during the construction phase.
View Project Report - 86000889
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Monadelphous is currently the major maintenance services provider for ConocoPhillips' (NYSE:COP) (Houston, Texas) Darwin LNG plant; the North West Shelf joint venture for LNG production at Woodside Petroleum's (Perth) Karratha Gas Plant; and Woodside's Pluto LNG plant, plus the offshore Pluto platform.
View Plant Profile - 1047598 1065390 1077861 3104380
The Darwin LNG contract is on the line, as ConocoPhillips assesses bids for the contract and considers renewal of Monadelphous' long-term service agreement, versus a new contract with a competitor. It is rumored that ConocoPhillips is likely to simplify contracting arrangements by choosing a maintenance contractor to take care of the onshore LNG plant and the offshore Bayu-Undan facilities.
View Plant Profile - 3019451 3131607
ConocoPhillips and project joint-venture partner Origin Energy (ASX:ORG) (Sydney Australia) are assessing bids for the main maintenance services contract for the Australia Pacific LNG (APLNG) project (Curtis Island), which is set to begin LNG production in the latter part of 2015. APLNG's neighbors, Queensland Curtis LNG (QCLNG) (Curtis Island) and Gladstone LNG (GLNG) (Curtis Island), which are both under construction, already have contracted with Monadelphous for maintenance.
The long-term service agreement between BG Group's (Reading, England) subsidiary QGC (Brisbane, Australia) and Monadelphous has been in place for a number of years in preparation for start-up this quarter, while the agreement with Santos (ASX:STO) (Adelaide, Australia) for the GLNG project is still under final negotiations.
For related information, see November 27, 2012, article - Monadelphous Wins $80 Million Maintenance Contract for QCLNG Plant.
View Project Report - 86000975 86000854 86000870
Monadelphous lost out to UGL Limited (ASX:UGL) (Sydney) for provision of maintenance services on the Gorgon LNG project, which is operated by Chevron Australia Pty Limited (Perth), part of Chevron Corporation (NYSE:CVX) (San Ramon, California). Chevron is yet to award the maintenance services contract on the Wheatstone LNG project.
View Project Report - 86000906 86000905
INPEX Corporation's (TYO:1605) (Tokyo, Japan) Ichthys LNG project is under construction in Northern Territory. INPEX is some time away from awarding the main maintenance services contract for the plant; however, Monadelphous has been awarded a number of construction contracts on this particular project. Indeed, Monadelphous has celebrated wins on most of the afore-mentioned large-scale LNG projects during the construction phase.
View Project Report - 86000889
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
